Database growth boosts Oracle

Billion dollar profit in Q4

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Oracle posted solid revenue growth during its fourth quarter on the back on improved database sales.

Larry's shop reported a 26 per cent jump in revenue to $3.88bn, while net income rose 3 per cent to $1.02bn. The results came as Oracle manages a number of rocky acquisitions. These deals, however, didn't seem to affect the company's core database business.

New license revenue for database and middleware products rose 16 per cent to $1.26bn. That type of growth is a strong sign for Oracle, which like many software makers rates new license revenue as a key metric. Overall, Oracle software revenue cam in at $3.12bn - up 24 per cent year-over-year.

For the full year, Oracle reported a 16 per cent rise in revenue to $11.8bn and a 8 per cent net income rise to $2.9bn. ®